Economy Week Ahead: Housing Blues

A measure of home sales is one of the highlights of this week’s economic news.

Tuesday

The ever red-hot US housing market has slowed significantly rising mortgage rates Putting many home buyers to the side. Due to which sales have slowed down. Economists polled by The Wall Street Journal expect current home sales to decline 3.6% in May at a seasonally adjusted annual rate of 5.41 million. This will be the fourth consecutive month of decline.